July 13, 2015

City Plan Would Add 20,000 Affordable Homes in Seattle

“Seattle is facing its worst affordable-housing crisis since the end of World War II, and the mayor’s plan of attack involves what he calls a “grand bargain” between developers and housing advocates.

An advisory committee to Mayor Ed Murray spent 10 months working on recommendations and Monday unveiled their action plan that could lead to to 20,000 more affordable homes in Seattle over the next decade.

“For the first time, through mandatory inclusionary housing, we will require market rate developers to build a minimum number of affordable units in any new construction of multi-family housing,” Murray said on Monday.”

Read the full KOMO article>